National Presto Industries (NYSE:NPK) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of National Presto Industries (NYSE:NPK) from a hold rating to a buy rating in a research report released on Saturday.

Separately, Weiss Ratings downgraded shares of National Presto Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

National Presto Industries Price Performance

NPK stock opened at $150.21 on Friday. National Presto Industries has a 1-year low of $91.28 and a 1-year high of $154.87. The firm has a fifty day moving average price of $129.47 and a two-hundred day moving average price of $133.22. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 25.12 and a beta of 0.42.

National Presto Industries (NYSE:NPK) last issued its earnings results on Friday, August 14th. The conglomerate reported $2.21 earnings per share for the quarter. National Presto Industries had a net margin of 7.86% and a return on equity of 10.83%. The company had revenue of $146.60 million for the quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its position in National Presto Industries by 6.9% in the first quarter. Royal Bank of Canada now owns 6,400 shares of the conglomerate’s stock worth $563,000 after buying an additional 414 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in National Presto Industries by 48.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,652 shares of the conglomerate’s stock valued at $2,079,000 after buying an additional 7,721 shares during the last quarter. Creative Planning boosted its holdings in shares of National Presto Industries by 11.5% during the second quarter. Creative Planning now owns 2,676 shares of the conglomerate’s stock valued at $262,000 after acquiring an additional 275 shares during the period. Rhumbline Advisers boosted its holdings in shares of National Presto Industries by 2.7% during the second quarter. Rhumbline Advisers now owns 15,203 shares of the conglomerate’s stock valued at $1,489,000 after acquiring an additional 404 shares during the period. Finally, American Century Companies Inc. grew its position in shares of National Presto Industries by 11.5% during the second quarter. American Century Companies Inc. now owns 13,668 shares of the conglomerate’s stock worth $1,339,000 after acquiring an additional 1,413 shares during the last quarter. Institutional investors and hedge funds own 58.57% of the company’s stock.

About National Presto Industries

National Presto Industries, Inc is an American diversified manufacturer headquartered in Eau Claire, Wisconsin. The company operates primarily through three business segments—Housewares/Small Appliances, Defense Products, and Safety—which together supply a range of consumer and industrial markets. Founded in 1905, National Presto Industries has built a reputation for durable, user-friendly products marketed under the Presto and National Presto brands.

In its Housewares/Small Appliances segment, National Presto offers a variety of kitchen products designed to simplify home cooking and meal preparation.